Brand Marketing
Jinmailang Liangbaikai: A 'Glorious' Present and a 'Worrisome' Future
In early September this year, Nongfu Spring was officially listed on the Hong Kong Stock Exchange, opening at HK$39.8 per share, with a total market value of HK$445.3 billion. This directly made Zhong Shanshan, founder of Nongfu Spring who holds 84.4% of shares, surpass internet tycoons like Jack Ma and Pony Ma to become China's richest person. The information disclosed by Nongfu Spring's listing focused the business world's attention on the 'story of bottled water.' According to a survey by Euromonitor, China's bottled water market has a capacity of 183 billion yuan, with a compound annual growth rate of 11.8% over five consecutive years. Although the bottled water market is large and growing fast, competition is unprecedentedly fierce.
刘冉